Ulster Bank warn customers to stay alert over text and social media scam

Ulster Bank has issued a warning to their customers, as another text and social media scam is doing the rounds.

The Dublin based bank released a statement this week, urging their clients to ignore and emails, text messages or efforts to contact them via social media if they find anything suspicious.

“Messages suggesting that someone else may have accessed your account may cause you to click fake links without thinking,” a spokesperson for the bank announced.

“#TakeFive to remember that fraudsters can send messages using alpha tags from genuine companies to make their messages appear real.

“The alpha tag is the name at the top of the message, telling you who sent it.”

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***Social media ‘loom’ scams*** We’ve had an increase in reports of a scam where you’re promised big returns if you invest £160 to play ‘the loom’. It’s been reported on Facebook, Twitter, Instagram and even WhatsApp. This is not a game. It’s a pyramid scheme and will only result in you losing your money. Please help us make more people aware and #TakeFive to think before you click on anything on social media that looks too good to be true. #UlsterBankNI #TakeFive #Scam #Loomers #BlessingLoom #NeedCash #FastCash #PyramidScam

A post shared by Ulster Bank Northern Ireland (@ulsterbankni) on Mar 27, 2019 at 1:00am PDT

“The lure of an extended spending limit may seem appealing, but this is a classic scam tactic.

“Take give to think before you act, click on the link is likely to open a form where you give away confidential information which scammers use to access your real account.”

Make sure to spread the word!